Is the fact that my solicitor in West Croydon is not identified on my bank's conveyancing panel that there is a problem with the standard of the firm’s work?
It would not be wise to jump to that conclusion. There are plenty of reasonable explanations. Just recently a report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the West Croydon conveyancing practice and ask them why they are no longer on the approved list for your mortgage company.
What is the best way to investigate if the solicitor conducting my conveyancing in West Croydon is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for The Royal Bank of Scotland thus spending £192.00 in supplemental conveyancing costs.
Feel free to take advantage of the find a lender approved solicitor tool on this web page. Pick the mortgage company and type ‘West Croydon’ or your location and you will see numerous conveyancers located in West Croydon or nearest you.
We previously selected conveyancing lawyers located in West Croydon on the Bank of Ireland solicitor approved list. They are now charging me a supplemental fee for handling the Bank of Ireland mortgage. Is this an additional conveyancing fee set by Bank of Ireland?
Provided it is contained in their Terms and Conditions or Quote then yes your property lawyer may charge a fee for this. This fee is not dictated by Bank of Ireland but by your West Croydon property lawyer. Plenty of firms on the Bank of Ireland panel will levy ’dealing with mortgage’ fee and others do not.
Planning on purchasing a maisonette in West Croydon. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the HSBC conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the West Croydon conveyancer is on the HSBC conveyancing panel.
Clydesdale have agreed my mortgage in principle, my bid on a property in West Croydon has been accepted, what are the next steps?
The estate agent will need to be informed of your property lawyer's details (be sure the conveyancers are on the lender’s panel). Call up Clydesdale or your broker and finalise any appropriate paperwork. Clydesdale will sellect a valuer who will get in touch with the selling agent or vendor to arrange a time for the valuation to happen. Once conducted (assuming no problems) it takes about a fortnight for the mortgage offer to be issued. Clydesdale will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in West Croydon.
I have recentlyfound out that Action Conveyancing have closed. They conducted my conveyancing in West Croydon for a purchase of a leasehold apartment 10 months ago. How can I check that the property is registered correctly in the name of the previous owner?
The quickest method to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of West Croydon conveyancing specialists.
How simple is it to use your search facility to choose a conveyancing solicitor in West Croydon on the approved list for my mortgage?
Step one is to choose a bank such as Yorkshire Building Society, Bank of Scotland or Platform Home Loans Ltd then type in your location such as West Croydon. Conveyancing organisations in West Croydon and nationally will then be shown.
My wife and I are FTB’s just having agreed a price on a property in West Croydon, and are now looking to get solicitors appointed. We have made use of the different comparison based websites and the fee estimates are from all over the country. Is it critical to have a West Croydon lawyer local to the potential house? I am content to do all the communicating over email, but I guess at some point we may be required to physically go into the conveyancer's office to sign documents?
Usually there is no need to physically visit the office of your conveyancing practitioner, they can post any relevant papers to you, which you can sign and send back. Many home movers prefer to instruct a locally based solicitor, but it's by no means essential for conveyancing in West Croydon.